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China National Building Material amends subsidiaries’ new joint venture funding plans Written by Global Cement staff 25 May 2021 China: China National Building Material has amended the funding arrangements for an upcoming joint venture of its subsidiaries China United Cement and Henan Investment Group. Reuters has reported that China United Cement will now contribute US$937m to the joint venture’s registered capital, while Henan Investment Group will contribute US$622m. ....
Dive Brief: Pancake maker Kodiak Cakes is being acquired by private equity firm L Catterton for an undisclosed amount, the companies said in a statement. Kodiak has expanded into waffle mixes, frozen waffles, oatmeal, baking mixes and a variety of snacking products. Its better-for-you offerings are currently sold in 26,000 retail locations, including Target, Walmart and Costco. The sale comes as the pandemic has increased consumer demand for healthier products. At the same time, people are spending more time at home making food, with breakfast among the biggest beneficiaries. Dive Insight: Kodiak began when eight-year-old Joel Clark began selling his family s hand-milled flapjack mix door to door from a little red wagon. Today, the fast-growing Kodiak s revenue has increased more than 50 times since 2013 when the brand appeared on the television program Shark Tank. ....
ANA starts trial of COVID-19 status app at Tokyo airport May 24, 2021 (Mainichi Japan) A passenger, right, shows a smartphone to an All Nippon Airways ground staff member in a trial of the International Air Transport Association Travel Pass mobile app at Tokyo s Haneda airport on May 24, 2021. (Kyodo) TOKYO (Kyodo) A major Japanese airline on Monday started a trial of a mobile app developed by a global industry body to certify passengers coronavirus status as part of efforts to help the revival of international travel. All Nippon Airways Co. will trial the International Air Transport Association Travel Pass on ANA s flights connecting Tokyo with Honolulu and New York until June 6. The smartphone app shows travelers polymerase chain reaction test results currently a condition of entry to most countries and vaccination status. ....
Dive Brief: The U.S. EPA recently issued a final rule on emissions thresholds for municipal solid waste (MSW) landfills, which stakeholders see as a significant step in the Biden administration’s climate change plan to slash greenhouse gas emissions in half by 2030. The final rule brings clarity to a drawn-out legal battle over the timeline for implementing state or federal emission rules, industry groups say, helping landfill operators make plans to update emissions systems if necessary. Environmental groups see the rule as an important way to more quickly take a bite out of air pollution, as MSW landfills are the third-largest source of human-related methane emissions in the United States. ....
Better Brand seeks to improve bagels with low-carb launch The new company, with baked goods developed through a proprietary process, raised $1.2 million in February and plans to launch its first product this week. Published May 24, 2021 Courtesy of Better Brand Aimee Yang is tired of the word guilty being associated with things that are pleasurable to eat, so she built a company to improve consumers choices. Her company, Better Brand, is preparing its first launch: the low-carb Better Bagel, which looks like a regular bagel, but has five net carbohydrates the same as half of an orange or two banana slices. It will become available on the company s website this week. ....